Gaithersburg Home Sales Report February 2020

Gaithersburg Real Estate

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How's the Real Estate Market in Gaithersburg MD?

Gaithersburg home sales saw the following changes in

February 2020 compared to last year at this time:

- average sold price was $429,766 compared to last year's $394,594

- average days on market to sell a home went to 37 days from 49 days

- average sold price sellers are getting changed to 98.7% from 97.7%

Gaithersburg market activity is summarized in the following chart (mouse over for details):

Gaithersburg Homes Sold

Through February 2020 there were 36 single family homes, 42 townhouses and 41 condos sold.The most expensive single family was sold for $930,000 in the Kentlands.    The most expensive townhome sold for $710,000 in Crown Farm. The most expensive condo sold for $775 in the Kentlands.  There was 16 cash buyers (mostly investors) or 14.6% of buyers.

The chart below shows average home price in Gaithersburg by type.

Are Sellers Getting Their Asking Price in Gaithersburg?

The chart below shows the proportion of the original listing price a home seller is getting when they sell, taking into account price reductions.  You can see more details in our Gaithersburg Property Value Report.

How Long is it Taking to Sell a Home?

In February 2020, the average days on market was 37 compared to 49 days the same time last year. You can see more market statistics in our Gaithersburg Real Estate Trends Market Report.

Call Bob Myers of Re/Max Realty Services at 301-910-9910 if you have any questions about the value of your home or the real estate market.  Search for Gaithersburg homes for sale, save your favorites and get updates:

New Listing - 3 weeks online
$200,000
Condo For Sale
Active Under Contract
2
BEDS
2
TOTAL BATHS
952
SQFT
Willow Wood Codm #301
7902 Coriander Drive 301
Gaithersburg, MD 20879
New Listing - a week online
$205,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
980
SQFT
18424 Guildberry Drive 201 #201
Gaithersburg, MD 20879
Summer Ridge Codm Subdivision
$205,000
Commercial For Sale
Active
MONTGOMERY
COUNTY
610 Professional Drive 225 #225
Gaithersburg, MD 20879
 
New Listing - 2 weeks online
$210,000
Condo For Sale
Active Under Contract
2
BEDS
2
TOTAL BATHS
1,164
SQFT
435 Christopher Avenue 104 - Apt. #13 #104 - APT. #13
Gaithersburg, MD 20879
Village Overlook Subdivision
New Listing - 4 days online
$210,000
Commercial For Sale
Active
MONTGOMERY
COUNTY
4 Professional Drive 111 #111
Gaithersburg, MD 20879
 
Short Sale
$210,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,028
SQFT
Flower Hill Codm #201
18300 Streamside Drive 201
Gaithersburg, MD 20879
$229,900
Condo For Sale
Active Under Contract
2
BEDS
2
TOTAL BATHS
1,164
SQFT
401 Christopher Avenue 11 #11
Gaithersburg, MD 20879
Hyde Park Subdivision
Foreclosure
$235,000
Townhouse For Sale
Active Under Contract
2
BEDS
3
TOTAL BATHS
1,019
SQFT
Newport Est Sec #138
2 Benji Court 138
Gaithersburg, MD 20877
New Listing - 5 hours online
$248,500
Condo For Sale
Active
3
BEDS
2
TOTAL BATHS
1,278
SQFT
405 Christopher Avenue 36 #36
Gaithersburg, MD 20879
Hyde Park Subdivision
New Listing - 6 days online
$250,000
Condo For Sale
Active Under Contract
3
BEDS
2
TOTAL BATHS
1,422
SQFT
429 Christopher Avenue 69 #69
Gaithersburg, MD 20879
Hyde Park Subdivision
Open House Sat, Jan 29, 6 PM UTC
Please verify times due to COVID-19
$259,900
Condo For Sale
Active
3
BEDS
2
TOTAL BATHS
1,273
SQFT
Breckenrid #102
18310 Feathertree Way 102
Gaithersburg, MD 20886
Short Sale
$289,000
Townhouse For Sale
Pending
3
BEDS
4
TOTAL BATHS
1,360
SQFT
1931 Windjammer Way
Gaithersburg, MD 20879
Woodland Hills Subdivision
Open House Sun, Jan 30, 6 PM UTC
Please verify times due to COVID-19
$290,000
Townhouse For Sale
Active
3
BEDS
4
TOTAL BATHS
1,217
SQFT
894 W Side Drive 15-J #15-J
Gaithersburg, MD 20878
Brighton West Subdivision
New Listing - 2 weeks online
$295,000
Townhouse For Sale
Pending
3
BEDS
3
TOTAL BATHS
1,310
SQFT
8717 Welbeck
Gaithersburg, MD 20886
Mcconkey Subdivision
$299,000
Townhouse For Sale
Active Under Contract
4
BEDS
3
TOTAL BATHS
1,286
SQFT
52 Benji Court 147 #147
Gaithersburg, MD 20877
Newport Estates Subdivision
Price Change - 6 days ago
$299,000
Townhouse For Sale
Pending
3
BEDS
3
TOTAL BATHS
1,386
SQFT
Brighton East Co #17-E
498 W Deer Park Road 17-E
Gaithersburg, MD 20877
$299,500
Commercial For Sale
Active
0.06
ACRES
MONTGOMERY
COUNTY
9007 Shady Grove Court 30b #30B
Gaithersburg, MD 20877
Shady Grove Prof Subdivision
New Listing - 2 weeks online
$299,900
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,217
SQFT
Copperfield Crossing Ii #302
400 Kentlands Boulevard 302
Gaithersburg, MD 20878
$305,000
Single Family Home For Sale
Pending
3
BEDS
3
TOTAL BATHS
1,768
SQFT
111 James Street
Gaithersburg, MD 20877
Observatory Heights Subdivision
$305,000
Townhouse For Sale
Active
4
BEDS
3
TOTAL BATHS
1,782
SQFT
Stratford Mews C #9
535 W Diamond Avenue 9
Gaithersburg, MD 20877

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